Guggenheim Reaffirms "Buy" Rating for RH (NYSE:RH)

RH (NYSE:RH - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Guggenheim in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $300.00 target price on the stock. Guggenheim's target price indicates a potential upside of 45.28% from the company's current price.

A number of other analysts have also recently weighed in on RH. Stifel Nicolaus lowered their target price on shares of RH from $450.00 to $390.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Citigroup restated a "neutral" rating and issued a $200.00 price target (down from $437.00) on shares of RH in a research report on Thursday, April 3rd. Wall Street Zen upgraded shares of RH from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Loop Capital reduced their target price on shares of RH from $450.00 to $190.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Finally, UBS Group reduced their target price on shares of RH from $235.00 to $215.00 and set a "neutral" rating on the stock in a research report on Thursday, June 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $271.56.

RH Trading Up 0.3%

NYSE RH traded up $0.70 on Wednesday, reaching $206.50. The company's stock had a trading volume of 579,176 shares, compared to its average volume of 1,044,025. The firm has a market cap of $3.87 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 0.60 and a beta of 2.17. The business has a 50-day moving average price of $191.45 and a 200 day moving average price of $272.34. RH has a 52 week low of $123.03 and a 52 week high of $457.26.

RH (NYSE:RH - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.20. The business had revenue of $813.95 million for the quarter, compared to analysts' expectations of $817.66 million. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. Analysts anticipate that RH will post 4.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RH

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in RH by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,872 shares of the company's stock valued at $1,524,000 after purchasing an additional 29 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in RH by 6.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company's stock valued at $216,000 after purchasing an additional 31 shares in the last quarter. US Bancorp DE increased its stake in RH by 14.6% in the fourth quarter. US Bancorp DE now owns 283 shares of the company's stock valued at $111,000 after purchasing an additional 36 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in RH by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 6,546 shares of the company's stock valued at $2,576,000 after purchasing an additional 40 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in RH by 1.0% in the fourth quarter. Arizona State Retirement System now owns 4,291 shares of the company's stock valued at $1,689,000 after purchasing an additional 42 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.